Top of the Street: Accelleron, Ryanair, UMG
BUZZ-Top of the Street: Accelleron, Ryanair, UMG A round-up of notable broker activity this morning from Europe's top-ranked* analysts:
** Berenberg upgrades Swiss turbocharger maker Accelleron ACLN.S to "buy" from "hold", citing stronger medium-term growth outlook linked to robust demand in the marine market and power demand from data-centers
INITIATIONS AND REINSTATEMENTS
** Morgan Stanley initiates Ryanair RYA.I with "overweight", expecting it to improve its cost advantage compared to peers to boost demand
** Citigroup resumes coverage of Amsterdam-listed music label Universal Music Group UMG.AS with "buy", citing continued upside from higher minimum-per-subscriber payments that raise the wholesale price of music starting in 2026
(*Analyst rankings from Thomson Reuters StarMine. The scale is from 1-star to 5-star with 5 being the best. Analysts are ranked on earnings accuracy as well as relative performance of recommendations over trailing 12-month & 24-month periods.)
(Reporting by Mathias de Rozario and Mateusz Rabiega in Gdansk)